Notable Analyst Rating Changes 7/6: WDC, STX, JWN, BHP, AXP, CMI Upgraded; EV, GPI, DSCO, RAX Downgraded
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More News related to BMY
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UPGRADES:
Bank of America upgrades Western Digital (NYSE: WDC) and Seagate (NYSE: STX) from Underperform to Buy.
Goldman Sachs upgrades Nordstrom (NYSE: JWN) from Sell to Neutral and removed the stock from their Conviction Sell List, citing valuation after 18.9% slide since their downgrade on 5/18. The firm maintains their $21 price target.
Credit Suisse upgrades BHP Billiton (NYSE: BHP) from Underperform to Neutral.
Stifel Nicolaus upgrades American Express (NYSE: AXP) from Sell to Hold.
Wall Street Access upgrades Cummins Inc. (NYSE: CMI) from Hold to Buy and raises their price target from $40 to $45.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
JPMorgan downgrades Eaton Vance (NYSE: EV) from Neutral to Underweight, also moving its price target from $32.50 to $30.
Goldman Sachs downgrades Group 1 Automotive (NYSE: GPI) from Buy to Neutral, citing valuation. The firm raised their price target from $23 to $25.
Jefferies downgrades Discovery Lab (Nasdaq: DSCO) from Buy to Underperform.
Goldman Sachs downgraded Rackspace (NYSE: RAX) from Buy to Neutral, saying their buy catalysts have largely played out and the risk-reward is more balanced after significant rally since their 4/6/09 Buy rating.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
ThinkEquity initiates coverage on Qualcomm (Nasdaq: QCOM) with a Buy rating and $55 price target.
Bank of America resumes coverage on Bristol-Myers (NYSE: BMY) with a Neutral. Price target $22.
Credit Suisse resumes coverage on Rio Tinto (NYSE: RTP) with an Outperform.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
+0.43
-1.86Related Entities
- Goldman Sachs Conviction Sell List
- Credit Suisse
- Stifel Nicolaus
- JPMorgan
- Jefferies & Co
- Banc of America
- ThinkEquity
- Wall Street Access
- Notable Analyst Rating Changes
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